BENTLEY SYSTEMS INC-CLASS B (BSY) Stock Fundamental Analysis
USA - NASDAQ:BSY - US08265T2087 - Common Stock
46.71 USD
+0.28 (+0.6%)
46.71 USD
0 (0%)
BSY gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 284 industry peers in the Software industry. While BSY has a great profitability rating, there are quite some concerns on its financial health. BSY has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
BSY had positive earnings in the past year.
BSY had a positive operating cash flow in the past year.
Each year in the past 5 years BSY has been profitable.
BSY had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
BSY's Return On Assets of 7.43% is amongst the best of the industry. BSY outperforms 80.28% of its industry peers.
BSY's Return On Equity of 21.88% is amongst the best of the industry. BSY outperforms 87.68% of its industry peers.
BSY has a better Return On Invested Capital (10.54%) than 86.62% of its industry peers.
The Average Return On Invested Capital over the past 3 years for BSY is below the industry average of 11.85%.
The last Return On Invested Capital (10.54%) for BSY is above the 3 year average (8.00%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.43% | ||
| ROE | 21.88% | ||
| ROIC | 10.54% |
ROA(3y)7.42%
ROA(5y)7.4%
ROE(3y)30.01%
ROE(5y)29.96%
ROIC(3y)8%
ROIC(5y)10.54%
1.3 Margins
BSY's Profit Margin of 17.91% is amongst the best of the industry. BSY outperforms 81.34% of its industry peers.
BSY's Profit Margin has improved in the last couple of years.
BSY's Operating Margin of 23.82% is amongst the best of the industry. BSY outperforms 89.44% of its industry peers.
In the last couple of years the Operating Margin of BSY has grown nicely.
BSY's Gross Margin of 81.18% is amongst the best of the industry. BSY outperforms 84.86% of its industry peers.
BSY's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 23.82% | ||
| PM (TTM) | 17.91% | ||
| GM | 81.18% |
OM growth 3Y5.52%
OM growth 5Y3.69%
PM growth 3Y21.55%
PM growth 5Y4.39%
GM growth 3Y1.43%
GM growth 5Y0.13%
2. Health
2.1 Basic Checks
BSY has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for BSY has been increased compared to 1 year ago.
The number of shares outstanding for BSY has been increased compared to 5 years ago.
BSY has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 4.32 indicates that BSY is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 4.32, BSY is in the better half of the industry, outperforming 67.61% of the companies in the same industry.
The Debt to FCF ratio of BSY is 2.87, which is a good value as it means it would take BSY, 2.87 years of fcf income to pay off all of its debts.
BSY has a better Debt to FCF ratio (2.87) than 65.14% of its industry peers.
BSY has a Debt/Equity ratio of 1.07. This is a high value indicating a heavy dependency on external financing.
BSY has a worse Debt to Equity ratio (1.07) than 76.41% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.07 | ||
| Debt/FCF | 2.87 | ||
| Altman-Z | 4.32 |
ROIC/WACC1
WACC10.57%
2.3 Liquidity
BSY has a Current Ratio of 0.51. This is a bad value and indicates that BSY is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of BSY (0.51) is worse than 89.79% of its industry peers.
A Quick Ratio of 0.51 indicates that BSY may have some problems paying its short term obligations.
The Quick ratio of BSY (0.51) is worse than 89.79% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.51 | ||
| Quick Ratio | 0.51 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 8.49% over the past year.
Measured over the past years, BSY shows a quite strong growth in Earnings Per Share. The EPS has been growing by 12.41% on average per year.
BSY shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 10.15%.
The Revenue has been growing by 12.93% on average over the past years. This is quite good.
EPS 1Y (TTM)8.49%
EPS 3Y8.4%
EPS 5Y12.41%
EPS Q2Q%12.5%
Revenue 1Y (TTM)10.15%
Revenue growth 3Y11.93%
Revenue growth 5Y12.93%
Sales Q2Q%12.05%
3.2 Future
Based on estimates for the next years, BSY will show a quite strong growth in Earnings Per Share. The EPS will grow by 14.99% on average per year.
BSY is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.16% yearly.
EPS Next Y13.62%
EPS Next 2Y12.64%
EPS Next 3Y13.4%
EPS Next 5Y14.99%
Revenue Next Year10.02%
Revenue Next 2Y10.2%
Revenue Next 3Y10.27%
Revenue Next 5Y9.16%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 40.62 indicates a quite expensive valuation of BSY.
Compared to the rest of the industry, the Price/Earnings ratio of BSY is on the same level as its industry peers.
The average S&P500 Price/Earnings ratio is at 25.83. BSY is valued rather expensively when compared to this.
With a Price/Forward Earnings ratio of 34.41, BSY can be considered very expensive at the moment.
The rest of the industry has a similar Price/Forward Earnings ratio as BSY.
When comparing the Price/Forward Earnings ratio of BSY to the average of the S&P500 Index (32.68), we can say BSY is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 40.62 | ||
| Fwd PE | 34.41 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BSY is valued a bit cheaper than 68.31% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of BSY indicates a somewhat cheap valuation: BSY is cheaper than 68.66% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 32.7 | ||
| EV/EBITDA | 37.96 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates BSY does not grow enough to justify the current Price/Earnings ratio.
The excellent profitability rating of BSY may justify a higher PE ratio.
A more expensive valuation may be justified as BSY's earnings are expected to grow with 13.40% in the coming years.
PEG (NY)2.98
PEG (5Y)3.27
EPS Next 2Y12.64%
EPS Next 3Y13.4%
5. Dividend
5.1 Amount
BSY has a yearly dividend return of 0.60%, which is pretty low.
BSY's Dividend Yield is rather good when compared to the industry average which is at 36.34. BSY pays more dividend than 89.44% of the companies in the same industry.
With a Dividend Yield of 0.60, BSY pays less dividend than the S&P500 average, which is at 2.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.6% |
5.2 History
BSY has been paying a dividend for over 5 years, so it has already some track record.
BSY has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)N/A
Div Incr Years2
Div Non Decr Years4
5.3 Sustainability
30.98% of the earnings are spent on dividend by BSY. This is a low number and sustainable payout ratio.
DP30.98%
EPS Next 2Y12.64%
EPS Next 3Y13.4%
46.71
+0.28 (+0.6%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners45.02%
Inst Owner Change0.99%
Ins Owners40.36%
Ins Owner Change-2.02%
Market Cap14.18B
Revenue(TTM)1.35B
Net Income(TTM)254.21M
Analysts77
Price Target60.38 (29.27%)
Short Float %6.7%
Short Ratio5.16
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.6% |
Yearly Dividend0.24
Dividend Growth(5Y)N/A
DP30.98%
Div Incr Years2
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)12.63%
Min EPS beat(2)11.45%
Max EPS beat(2)13.82%
EPS beat(4)2
Avg EPS beat(4)4.8%
Min EPS beat(4)-4.04%
Max EPS beat(4)13.82%
EPS beat(8)6
Avg EPS beat(8)11.84%
EPS beat(12)10
Avg EPS beat(12)12.54%
EPS beat(16)14
Avg EPS beat(16)14.49%
Revenue beat(2)1
Avg Revenue beat(2)-0.42%
Min Revenue beat(2)-0.85%
Max Revenue beat(2)0.02%
Revenue beat(4)1
Avg Revenue beat(4)-1.15%
Min Revenue beat(4)-2.61%
Max Revenue beat(4)0.02%
Revenue beat(8)3
Avg Revenue beat(8)-0.77%
Revenue beat(12)5
Avg Revenue beat(12)-0.29%
Revenue beat(16)8
Avg Revenue beat(16)0.07%
PT rev (1m)-0.31%
PT rev (3m)12.84%
EPS NQ rev (1m)0.16%
EPS NQ rev (3m)-2.34%
EPS NY rev (1m)-0.08%
EPS NY rev (3m)2.01%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.29%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.2%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 40.62 | ||
| Fwd PE | 34.41 | ||
| P/S | 9.99 | ||
| P/FCF | 32.7 | ||
| P/OCF | 31.64 | ||
| P/B | 12.2 | ||
| P/tB | N/A | ||
| EV/EBITDA | 37.96 |
EPS(TTM)1.15
EY2.46%
EPS(NY)1.36
Fwd EY2.91%
FCF(TTM)1.43
FCFY3.06%
OCF(TTM)1.48
OCFY3.16%
SpS4.68
BVpS3.83
TBVpS-4.77
PEG (NY)2.98
PEG (5Y)3.27
Graham Number9.95
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.43% | ||
| ROE | 21.88% | ||
| ROCE | 13.19% | ||
| ROIC | 10.54% | ||
| ROICexc | 10.92% | ||
| ROICexgc | N/A | ||
| OM | 23.82% | ||
| PM (TTM) | 17.91% | ||
| GM | 81.18% | ||
| FCFM | 30.55% |
ROA(3y)7.42%
ROA(5y)7.4%
ROE(3y)30.01%
ROE(5y)29.96%
ROIC(3y)8%
ROIC(5y)10.54%
ROICexc(3y)8.22%
ROICexc(5y)11.91%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)10%
ROCE(5y)13.18%
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3Y4.29%
ROICexc growth 5Y-15.93%
OM growth 3Y5.52%
OM growth 5Y3.69%
PM growth 3Y21.55%
PM growth 5Y4.39%
GM growth 3Y1.43%
GM growth 5Y0.13%
F-Score8
Asset Turnover0.41
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.07 | ||
| Debt/FCF | 2.87 | ||
| Debt/EBITDA | 3.1 | ||
| Cap/Depr | 22.78% | ||
| Cap/Sales | 1.02% | ||
| Interest Coverage | 28.61 | ||
| Cash Conversion | 111.55% | ||
| Profit Quality | 170.63% | ||
| Current Ratio | 0.51 | ||
| Quick Ratio | 0.51 | ||
| Altman-Z | 4.32 |
F-Score8
WACC10.57%
ROIC/WACC1
Cap/Depr(3y)27.47%
Cap/Depr(5y)32.2%
Cap/Sales(3y)1.59%
Cap/Sales(5y)1.72%
Profit Quality(3y)148.6%
Profit Quality(5y)185.51%
High Growth Momentum
Growth
EPS 1Y (TTM)8.49%
EPS 3Y8.4%
EPS 5Y12.41%
EPS Q2Q%12.5%
EPS Next Y13.62%
EPS Next 2Y12.64%
EPS Next 3Y13.4%
EPS Next 5Y14.99%
Revenue 1Y (TTM)10.15%
Revenue growth 3Y11.93%
Revenue growth 5Y12.93%
Sales Q2Q%12.05%
Revenue Next Year10.02%
Revenue Next 2Y10.2%
Revenue Next 3Y10.27%
Revenue Next 5Y9.16%
EBIT growth 1Y15.23%
EBIT growth 3Y18.11%
EBIT growth 5Y17.09%
EBIT Next Year15.98%
EBIT Next 3Y15.8%
EBIT Next 5Y10.9%
FCF growth 1Y27.87%
FCF growth 3Y15.91%
FCF growth 5Y22.26%
OCF growth 1Y23.69%
OCF growth 3Y14.76%
OCF growth 5Y20.58%
BENTLEY SYSTEMS INC-CLASS B / BSY FAQ
Can you provide the ChartMill fundamental rating for BENTLEY SYSTEMS INC-CLASS B?
ChartMill assigns a fundamental rating of 6 / 10 to BSY.
What is the valuation status of BENTLEY SYSTEMS INC-CLASS B (BSY) stock?
ChartMill assigns a valuation rating of 4 / 10 to BENTLEY SYSTEMS INC-CLASS B (BSY). This can be considered as Fairly Valued.
Can you provide the profitability details for BENTLEY SYSTEMS INC-CLASS B?
BENTLEY SYSTEMS INC-CLASS B (BSY) has a profitability rating of 9 / 10.
What is the earnings growth outlook for BENTLEY SYSTEMS INC-CLASS B?
The Earnings per Share (EPS) of BENTLEY SYSTEMS INC-CLASS B (BSY) is expected to grow by 13.62% in the next year.
How sustainable is the dividend of BENTLEY SYSTEMS INC-CLASS B (BSY) stock?
The dividend rating of BENTLEY SYSTEMS INC-CLASS B (BSY) is 4 / 10 and the dividend payout ratio is 30.98%.